Using the industry peer median P/E multiple (trailing + forward), EQT Corporation (EQT) has a fair value of $77.76 based on 6 comparable companies in the Oil & Gas Exploration & Production industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| EQT CorporationEQT | 41,972 | 20.3x | 14.0x |
| Occidental Petroleum CorporationOXY | 63,338 | 39.9x | 30.7x |
| ONEOK, Inc.OKE | 59,049 | 17.3x | 16.7x |
| Diamondback Energy, Inc.FANG | 57,076 | 35.3x | 16.3x |
| Targa Resources Corp.TRGP | 53,910 | 29.4x | 24.9x |
| Coterra Energy Inc.CTRA | 27,228 | 15.9x | 14.6x |
| Expand Energy CorporationEXE | 27,022 | 14.8x | 12.5x |
| Industry Median | 23.4x | 16.5x | |
| (*) Profit after tax | 2,039 | 2,998 | |
| Equity Value | 47,653 | 49,471 | |
| (/) Outstanding shares | 625 | 625 | |
| Fair Price | $76 | $79 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.